Protect Your Business from Potential Fraud Risks
As a business, the ability to process credit and debit cards online is critical. As a high-risk business, this ability comes with the potential for higher fraud risks, like chargebacks, identity theft, and much more. While most merchant account providers offer fraud protection and monitoring, it is possible to institute certain requirements or systems to help reduce fraud risks. Not only will your business thrive with fraud reduction, but it may help your standing with your provider to lower reserve rates or other associated fees.